EPIQ Capital Group LLC Acquires 153 Shares of Datadog, Inc. (NASDAQ:DDOG)

EPIQ Capital Group LLC increased its holdings in Datadog, Inc. (NASDAQ:DDOG) by 0.9% in the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 16,898 shares of the company’s stock after purchasing an additional 153 shares during the period. Datadog makes up about 0.6% of EPIQ Capital Group LLC’s holdings, making the stock its 21st biggest holding. EPIQ Capital Group LLC’s holdings in Datadog were worth $2,415,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. True Wealth Design LLC lifted its position in Datadog by 12,000.0% in the third quarter. True Wealth Design LLC now owns 242 shares of the company’s stock valued at $28,000 after purchasing an additional 240 shares during the last quarter. Retirement Wealth Solutions LLC purchased a new position in shares of Datadog in the fourth quarter worth $30,000. Avior Wealth Management LLC raised its holdings in Datadog by 55.9% during the 4th quarter. Avior Wealth Management LLC now owns 226 shares of the company’s stock valued at $32,000 after buying an additional 81 shares during the last quarter. Meeder Asset Management Inc. grew its holdings in Datadog by 66.5% in the 3rd quarter. Meeder Asset Management Inc. now owns 288 shares of the company’s stock worth $33,000 after acquiring an additional 115 shares during the last quarter. Finally, Quarry LP purchased a new position in shares of Datadog in the third quarter valued at about $33,000. Institutional investors own 78.29% of the company’s stock.

Datadog Price Performance

Shares of NASDAQ:DDOG opened at $109.63 on Monday. The business has a fifty day moving average price of $135.05 and a 200-day moving average price of $131.86. The company has a market capitalization of $37.58 billion, a PE ratio of 214.96, a PEG ratio of 44.03 and a beta of 1.22. Datadog, Inc. has a 1-year low of $98.80 and a 1-year high of $170.08.

Datadog (NASDAQ:DDOG) last released its quarterly earnings data on Thursday, February 13th. The company reported $0.13 earnings per share for the quarter, missing analysts’ consensus estimates of $0.44 by ($0.31). Datadog had a net margin of 6.85% and a return on equity of 8.28%. On average, sell-side analysts anticipate that Datadog, Inc. will post 0.34 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, President Amit Agarwal sold 25,000 shares of Datadog stock in a transaction dated Thursday, December 26th. The stock was sold at an average price of $147.99, for a total value of $3,699,750.00. Following the completion of the sale, the president now directly owns 195,667 shares in the company, valued at approximately $28,956,759.33. This trade represents a 11.33 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Olivier Pomel sold 19,226 shares of the business’s stock in a transaction dated Wednesday, December 18th. The stock was sold at an average price of $153.73, for a total value of $2,955,612.98. Following the completion of the transaction, the chief executive officer now directly owns 379,693 shares of the company’s stock, valued at approximately $58,370,204.89. This trade represents a 4.82 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 410,630 shares of company stock worth $57,719,574 in the last three months. Insiders own 11.78% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have recently weighed in on the stock. Morgan Stanley reiterated an “equal weight” rating and set a $143.00 target price on shares of Datadog in a report on Thursday, January 16th. Citigroup dropped their price objective on Datadog from $170.00 to $165.00 and set a “buy” rating for the company in a report on Friday, February 14th. Mizuho boosted their target price on Datadog from $155.00 to $170.00 and gave the company an “outperform” rating in a research note on Friday, December 13th. Truist Financial dropped their price target on Datadog from $150.00 to $140.00 and set a “hold” rating for the company in a research note on Friday, February 14th. Finally, Macquarie reiterated an “outperform” rating and issued a $200.00 price target on shares of Datadog in a report on Tuesday, February 11th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating, twenty-one have issued a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat, Datadog presently has a consensus rating of “Moderate Buy” and a consensus target price of $158.70.

About Datadog

Datadog, Inc operates an observability and security platform for cloud applications in North America and internationally. The company's products comprise infrastructure and application performance monitoring, log management, digital experience monitoring, continuous profiler, database monitoring, data streams and universal service monitoring, network monitoring, incident management, workflow automation, observability pipelines, cloud cost and cloud security management, application security management, cloud SIEM, sensitive data scanner, and CI visibility.